Fire insurance fiasco continues in California
The insurance crisis in California is reaching dire levels. Even the plan known as the Insurer of Last Resort is raising rates for tens of thousands of people, but is there a bit of good news in the bad?
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Thousands of new venture capital funds have launched over the past few years, each hoping to carve out a long-term, lucrative place for themselves. PitchBook is tracking over 10,000 funds currently trying to raise money, and 45% of them are emerging fund managers, defined as a firm with less than three funds. For the most part, things seem to be shaking out quite nicely for emerging managers despite the economic headwinds.
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Go on, let bots date other bots
Bumble founder and executive chair Whitney Wolfe Herd raised eyebrows this week with her comments about how AI might change the dating experience. During an onstage interview, Bloomberg’s Emily Chang brought up bots posing as real people, or real people falling in love with bots, as examples of how AI might make online dating worse.
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Mercedes-AMG planning a 585-hp V8 for the AMG CLE 63
Mercedes planning a 585-hp V8 for the AMG CLE 63 instead of the expected four-cylinder PHEV. Slow sales of the new C 63 S could be part of the reason.
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The 27 best Walmart deals to shop this weekend — save more than 80% on gardening supplies, tech items and more
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CD rates today, May 12, 2024 (up to 5.15% APY)
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Ring announcer mistakingly names wrong winner of Cherneka Johnson-Nina Hughes bout in wild scene
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Why are social media users blocking celebrities and influencers on TikTok? A look at the #Blockout movement
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